USDINR TECHNICAL OUTLOOK : 09.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.99 and made a low of 67.93 and saw some side activity after a selling pressure in the first hour trade a day before on spot basis the pair is trading in the broader range of 67.70-68.40 and likely to trade in the range for some time expects the pair to trade in positive bias for the day.
Fundamental Overview
US dollar index recovered from the lows on Friday after slipping initially, the dollar rallied on Friday evening following the December jobs report, which was light on the NFP print, though upwardly revised back months, and stronger hourly earnings data offset the weak NFP print. No major data is scheduled for release today but another attempt by the US indices to breach the life high would push the US dollar higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:30:00 USD FOMC Member Rosengren Speaks
23:15:00 USD FOMC Member Lockhart Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index recovered from the lows on Friday after slipping initially, the dollar rallied on Friday evening following the December jobs report, which was light on the NFP print, though upwardly revised back months, and stronger hourly earnings data offset the weak NFP print. No major data is scheduled for release today but another attempt by the US indices to breach the life high would push the US dollar higher.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:30:00 USD FOMC Member Rosengren Speaks
23:15:00 USD FOMC Member Lockhart Speaks